UBS Group AG decreased its position in shares of Vontier Corporation (NYSE:VNT – Free Report) by 10.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 491,835 shares of the company’s stock after selling 55,253 shares during the quarter. UBS Group AG’s holdings in Vontier were worth $18,286,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Corient Private Wealth LLC grew its position in shares of Vontier by 104.6% during the second quarter. Corient Private Wealth LLC now owns 4,793,944 shares of the company’s stock worth $176,897,000 after acquiring an additional 2,450,723 shares during the last quarter. Franklin Resources Inc. raised its position in Vontier by 85.0% in the 3rd quarter. Franklin Resources Inc. now owns 5,225,596 shares of the company’s stock valued at $219,318,000 after purchasing an additional 2,401,220 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Vontier by 4,958.3% during the 3rd quarter. Victory Capital Management Inc. now owns 2,151,517 shares of the company’s stock worth $90,299,000 after purchasing an additional 2,108,983 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Vontier by 107.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,944,880 shares of the company’s stock worth $81,627,000 after purchasing an additional 1,008,340 shares during the period. Finally, AQR Capital Management LLC grew its position in Vontier by 128.0% during the 2nd quarter. AQR Capital Management LLC now owns 821,363 shares of the company’s stock worth $30,308,000 after purchasing an additional 461,173 shares during the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.
Vontier Stock Down 2.2%
VNT stock opened at $29.32 on Wednesday. The stock has a market capitalization of $4.13 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 1.15 and a beta of 1.24. The company has a fifty day moving average of $36.11 and a 200-day moving average of $37.50. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.90 and a current ratio of 1.23. Vontier Corporation has a one year low of $29.09 and a one year high of $48.20.
Vontier Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th were given a dividend of $0.025 per share. The ex-dividend date was Thursday, March 5th. This represents a $0.10 annualized dividend and a yield of 0.3%. Vontier’s payout ratio is presently 3.53%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on VNT shares. Barclays decreased their target price on shares of Vontier from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Wall Street Zen downgraded Vontier from a “buy” rating to a “hold” rating in a research note on Saturday. KeyCorp decreased their price objective on Vontier from $50.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Weiss Ratings downgraded Vontier from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 6th. Finally, Robert W. Baird set a $37.00 target price on Vontier in a report on Friday. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $42.38.
Read Our Latest Stock Analysis on VNT
Vontier Profile
Vontier is a global industrial technology company focused on advancing mobility infrastructure and transportation solutions. Established as a standalone public company in October 2020 through the spin-off of Fortive’s mobility and transportation platforms, Vontier is headquartered in Raleigh, North Carolina. The company’s mission centers on delivering innovative products and services that help customers meet evolving demands in fuel retail, fleet management, and automotive service.
The company’s diversified portfolio spans several well-known brands.
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